$MEME EXPLODES 32% IN MINUTES!
Price Action
- Current Price: $0.001923 (+32.16%)
- 24h High: $0.002476
- 24h Low: $0.001402
- The price made a strong upward breakout with a long green candle followed by a red candle, indicating a possible retracement after a sharp pump.
- Strong selling pressure at the top (big wick), suggesting profit-taking or a whale exit.
Moving Averages (MA)
- MA(7): 0.001761
- MA(25): 0.001552
- MA(99): 0.001465
- Price is above all key MAs, which is bullish short-term, but too far from the 99 MA, indicating it's overextended.
Volume
- Huge spike in volume, especially at the breakout.
- Recent red bars indicate decreasing momentum or early signs of a correction.
Indicators
- KDJ (K: 61.23 | D: 71.92 | J: 39.85):
- J has dropped sharply below K and D, signaling a bearish divergence.
- RSI(6): 63.97
- RSI near the overbought region. Not extreme, but a reversal may follow if volume doesn't continue supporting the move.
Conclusion
- This chart shows a classic pump-and-pause setup.
- Risk is high if entering now — good for scalpers, not ideal for late entries.
- If support forms around MA(7) or MA(25), it may continue upward — otherwise expect more correction.
- Watch volume and RSI/KDJ closely before making a move.